Tariffs Soaring, Wallets Swearing, Consumers Preparing Usury
In a shocking July Producer Price Index report, tariffs humbly racked up a 0.9% rise—the largest in three years—proving that President Trump's 'highest tariffs in a century' are not just empty boasts. While Treasury cheered $30 billion in tariff revenue, wholesalers smugly raised margins by 2%, with machinery sellers leading the charge. As Evercore economist Marco Casiraghi mused, 'If the scope for compressing margins ... remains limited, higher import prices would eventually be passed on to consumers.' A major apparel manufacturer already plans price hikes, leaving Americans gripping receipts and dreams. As Chicago Fed's Austan Goolsbee grimly tweeted metaphorically, some sectors are 'holding their breath' for a breakthrough or bankruptcy.
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Tariffs are basically the economy's overpriced gym membership—everyone's paying, nobody's benching except the criminals charging 2% wholesale margin gains.
If tariffs were a party, importers are the guests who bring the bill and consumers are the friends who get stuck tipping the bartender.
Just learned $30B in tariff revenue isn't for rebuilding America, but for wholesalers to buy extra yachts—margins up 2%, wallet dreams down 100%.
Source: Axios | Published: 8/14/2025 | Author: Courtenay Brown
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